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Wise Questions and Answers with Complete Solutions
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Wise Questions and Answers with Complete Solutions Question: What could cause a stock’s value to fluctuate on a given day? - A: The company’s board of directors adjusts the stock’s value quarterly - B: Stock prices are fixed once the stock is initially offered to the market - C: Th...

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  • August 1, 2024
  • 18
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • wise questions and answers with complete solution

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1 Wise Questions and Answers with Complete Solutions Question: What could cause a stock’s value to fluctuate on a given day? - A: The company’s board of directors adjusts the stock’s value quarterly - B: Stock prices are fixed once the stock is initially offered to the market - C: The company president announces a change in the stock’s value - D: The company reveals plans to launch a new product ✔✔D: The company reveals plans to launch a new product Question: Who is most adversely affected by increasing inflation rates? - A: Entrepreneurs running small businesses - B: Individuals relying on a fixed income - C: Employees who have been in their roles for under five years - D: People repaying old loan s with fixed interest rates 2 ✔✔B: Individuals relying on a fixed income Question: Which description accurately matches a checking account term? - A: Bank Statement: A notification from the bank about changes in interest rates for checking accounts - B: Endorsement: A required signature on the reverse side of a check to process it - C: Reconcile: Adjusting the amount deposited into a savings account to align with a checking account balance - D: Overdraft: The discrepancy between a bill’s amount and the check issued to cover it ✔✔B: Endorsement: A required signature on the reverse side of a check to process it Question: If a person, who needs a bathing suit as per their budget, finds winter jackets on sale at 50% off but already owns two good winter jackets, which financial principle should guide their decision? - A: Seek out deals as a method to save money - B: Purchasing discounted items extends the budget 3 - C: Avoid impulse buying to ensure savings - D: Buying seasonal items off -season is a prudent financial strategy ✔✔C: Avoid impulse buying to ensure savings Question: What occurs with the interest rate on a 10 -year bond bought at a 6% rate over its duration? - A: The interest rate decreases annually - B: The interest rate increases annually - C: The interest rate varies when the bond is transferred to another owner - D: The interest rate stays con stant for the bond’s term ✔✔D: The interest rate stays constant for the bond’s term Question: What is the primary reason a company issues bonds to the public? - A: To lower its stock price

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